President Tinubu Seeks Fresh $8.699bn, €100m Loans   Barely one month after seeking approval for $7.8 billion and €100 million loans from the National Assembly, President Bola Ahmed Tinubu, again yesterday, asked for fresh foreign loans of $8.699 billion and €100 million. This was revealed in separate...

Reps Query Ministry Over N4bn Spend on Recruiting 100 Sanitation Personnel   The House of Representatives Public Account Committee has queried the Ministry of Water Resources for spending N4 billion on the recruitment of 100 personnel for a period of three months. The money was said to...

Report Reveals Nigerian Investors Raise $94bn Climate Capital   It has been revealed that retail investors are able to raise $94bn towards climate change financing in Nigeria by 2030. This was revealed in Standard Chartered’s latest Sustainable Banking Report 2023, which also disclosed that 95 per cent...

Ex-NIRSAL Boss, Abdulhameed Arrested Over N5.6bn Wheat Project Scam   Mr Aliyu Abdulhameed, a former Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has been arrested almost a year after his sack. NIRSAL is a $500m non-bank financial institution, which was created...

PFAs Invested N130bn in Infrastructure – PenCom   Pension Fund Administrators (PFAs) invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023. Figures obtained from the National Pension Commission (PenCom) on ‘Unaudited report on pension funds industry portfolio for...

Nigeria Leads as Airlines’ Trapped Funds In Africa Hit $1.68bn - IATA   Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 with Nigeria topping the list of debtors, the International Air Transport Association (IATA) has revealed. Other countries...